Nomura economists George Buckley and Chiara Zangarelli wrote in their latest client note, the Bank of England (BOE) will make an emergency cut to its main interest rate this week, following the US Federal Reserve’s surprise rate cut by 50 bps to cushion the blow of the coronavirus crisis on the economy. They said: “We have, therefore, adjusted our view to … an emergency 25bp rate cut this week allowing the Bank time to formulate a plan for more targeted easing at the end of the month.” GBP/USD backs off from highs due to higher market volatility, Fed emergency cut FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next German Finmin Scholz says Germany to act immediately with all strength on coronavirus FX Street 3 years Nomura economists George Buckley and Chiara Zangarelli wrote in their latest client note, the Bank of England (BOE) will make an emergency cut to its main interest rate this week, following the US Federal Reserve’s surprise rate cut by 50 bps to cushion the blow of the coronavirus crisis on the economy. They said: “We have, therefore, adjusted our view to ... an emergency 25bp rate cut this week allowing the Bank time to formulate a plan for more targeted easing at the end of the month.” GBP/USD backs off from highs due to higher market volatility, Fed emergency cut Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
